59-65 Maple St, Chester, CT 06412

Beds
11
Baths
12
Sqft
8,500
Garage
Yes

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Listed byVC Property Group, LLC
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Overview

A mixed-use and multifamily package located in Chester and Deep River, two of the most desirable towns in the Lower Connecticut River Valley. The offering includes: 59 Maple Street (Chester): 7-unit multifamily asset with an additional ~1,500 SF commercial warehouse on 2.5+ acres. 163 Main Street (Deep River): 5-unit mixed-use property positioned at the gateway to the downtown retail corridor. The portfolio is fully occupied and generates approximately $210,000+ in current gross income, with upside to over $280,000 stabilized, driven by residential and commercial rent growth. At stabilization, the portfolio delivers approximately $175,748 NOI and a 8.37% cap rate, supported by a strong 1.58x DSCR. The possibility to develop the 3rd floor of 163 Main Street into additional units can drive returns even higher! This is a rare opportunity to acquire scale across two supply-constrained markets, combining in-place cash flow with clear mark-to-market upside across both residential and commercial components.

Location

Full feature list

Basic info

Property type
Multi-family
Number of bedrooms
11
Number of bathrooms
12
Square feet
8,500
Lot size (acres)
2.56
Year built
1975

Interior features

Basement
Yes

Garage and parking

Garage parking spaces
1

Utilities

Heating
Baseboard
Sewer
Septic System
Water
Well, Public Water

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Smart MLS MLS®#: 24170551 Last checked:

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